It's the LAND on this one! Discover timeless charm and endless potential with this estate-owned 4-sided brick ranch, nestled on a sprawling 3.66-acre lot in the heart of Decatur. This solid, well-built home offers a rare opportunity to own a private retreat with room to expand, renovate, or redevelop. This classic Mid-century Modern ranch-style residence features 3 bedrooms and 2 bathrooms, a full daylight basement, and original hardwood floors throughout most of the main level. The spacious living room is filled with natural light, while the vintage kitchen and separate dining area provide the perfect canvas for your personal touch. Enjoy peaceful mornings on the rear patio overlooking the expansive backyard, surrounded by mature trees and open green space. The full unfinished basement offers ample storage, workshop space, or potential for additional living areas or rental income. With endless possibilities, this property is ideal for homeowners, investors, or developers looking for acreage in a rapidly growing area. Located just minutes from I-285, downtown Decatur, East Atlanta, and major retail and dining, this home offers both convenience and privacy. This property is part of an Estate sale and is sold as-is. Don't miss this unique opportunity to own acreage in Decatur with solid bones and so much potential! The seller is happy to sell any furniture currently in the home. You do not want to miss this opportunity.
Active under contract
$349,000
3997 Rainbow Dr, Decatur, GA 30034
3beds
--sqft
Est.:
Single Family Residence
Built in 1955
3.66 Acres Lot
$348,800 Zestimate®
$--/sqft
$-- HOA
What's special
Workshop spaceFull unfinished basementOriginal hardwood floorsSeparate dining areaExpansive backyardOpen green spaceMature trees
- 5 days
- on Zillow |
- 360 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: 23 hours ago
Listed by:
Ashley Mandowa 770-330-7212,
Mandowa and Company
Source: GAMLS,MLS#: 10584954

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Other
Kitchen
- Features: Breakfast Area
Heating
- Other
Cooling
- Other
Appliances
- Included: Other
- Laundry: Other
Features
- Master On Main Level, Other
- Flooring: Hardwood, Vinyl
- Basement: Exterior Entry,Full
- Number of fireplaces: 1
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Carport, Detached, Garage
- Has garage: Yes
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Fencing: Back Yard
- Body of water: None
Lot
- Size: 3.66 Acres
- Features: Level, Private
Details
- Additional structures: Garage(s)
- Parcel number: 15 125 05 013
- Special conditions: As Is,Estate Owned
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Brick 4 Side,Other,Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Slab
- Roof: Other
Condition
- Resale
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Other, Water Available
Community & HOA
Community
- Features: None
- Subdivision: Decatur
HOA
- Has HOA: No
- Services included: None
Location
- Region: Decatur
Financial & listing details
- Tax assessed value: $209,800
- Annual tax amount: $710
- Date on market: 8/13/2025
- Listing agreement: Exclusive Agency
- Electric utility on property: Yes
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